Below is the trial balance of XYZ Caterer as at 31 Dec 2019.

The closing inventory for Year 2019 was RM40,000

Required: (a) Prepare the Statement of Comprehensive Income as at 31 Dec 2019 for XYZ Caterer. (b) Prepare the Statement of Financial Position as at 31 Dec 2019 for XYZ Caterer.

Credit RM Debit RM 120,000 70,000 10,850 100,000 69,250 40,000 612,000 104,500 Accounts Motor vehicles Plant and machinery Profit b/d as at 01.01.2019 | Ordinary share Acc depreciation as at 31.12.2019: Motor vehicles Acc depreciation as at 31.12.2019 : Plant & machinery Sales Commission Purchases Opening inventory Trade receivables Trade payable | Administrative expenses Distribution expenses Rental Bank overdraft Wages and salaries Telephone and internet Unearned commission Accrued telephone expenses Accrued wages and salaries Prepaid rental Total 353,000 12,000 26,700 43,200 174,500 27.000 88,000 13.400 115.125 6.200 1,000 200 125 2,000 994,525 994,525